Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Balanced payments is shutting down

balancedpayments.com

Post reply on HN
Print view View original

51–60 of 189 posts

Re: Balanced payments is shutting down

#51

Post by bkrausz »

tbrooks wrote: post #33

Really, really bummed. My v1 was orignally built on Stripe and I moved to Balanced quickly after they launched, because they offered ACH and escrow balance, etc. Whenever I moved over, Mahmoud (Balanced CTO) stayed up past 1am to help me migrate. That instantly won me over. The entire team was super responsive and every interaction I had with the Balanced team was superb. Sorry to see this company go away (tear). We…

Yea, Patrick phrased it well when he said it's a bittersweet day for Stripe. We have a ton of respect for the team and what they've built.

Hopefully we can make the transition as smooth as possible. If you run into any trouble, feel free to email me at bkrausz@stripe.com.

Re: Balanced payments is shutting down

#52

Post by dirtyaura »

bkrausz wrote: post #31
bbissoon wrote: post #24

The problem is that Stripe requires sub merchants to create an account as well. Whereas Balanced, the account process was part of the API so your customers stayed in your application. That's going to be the biggest blow to the UI.

With our Transfers API[1] you can send funds to recipients in the US without requiring them to sign up for a Stripe account. [1] https://stripe.com/docs/tutorials/sending-transfers

What are the reasons that you don't support Transfer API in Europe? We would need that but are forced to operate with a different model on a top of Braintree at the moment.

Re: Balanced payments is shutting down

#53

Post by flangston »

Sorry to see Balanced go. They were definitely the most flexible platform available and always pushed the envelope.

If you're not using Spreedly, I recommend it because it's a big help in this situation because it allows you to seamlessly switch services without losing any of your customer card data.

Re: Balanced payments is shutting down

#54

Post by elwell »

pc wrote: post #12

Stripe cofounder here. I just wanted to tip our hats to the folks at Balanced. Stripe and Balanced have certainly competed against each other in the marketplace space for a few years, but we have a lot of respect for how Matin and his team executed with creatively and determination. While we're of course glad Balanced decided that migrating to Stripe was the best thing for their users, today is kinda bittersweet for…

Your comment came off as a humblebrag at first, but then I read the link and saw that they mentioned transitioning customer to Stripe. So, if anyone had the same reaction as me; just read the link first.

Re: Balanced payments is shutting down

#55

Post by dd36 »

flangston wrote: post #53

Sorry to see Balanced go. They were definitely the most flexible platform available and always pushed the envelope. If you're not using Spreedly, I recommend it because it's a big help in this situation because it allows you to seamlessly switch services without losing any of your customer card data.

ACH support?

Re: Balanced payments is shutting down

#57

Post by dblock »

We are very sad to see Balanced go at https://www.artsy.net - we were an early and loyal customer. Balanced has been very good to us throughout the years. Thank you.

We've actually had some support for Stripe too for a small service, an experiment, but were going to delete it and continue using Balanced 100% of the time.

Post reply on HN